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Intel-backed Altera prepares IPO targeting over $2 billion by 2026

Silver Lake and Intel-backed chipmaker Altera is preparing an initial public offering that could raise over $2 billion as early as 2026, according to people familiar with the matter. The filing would be among the largest semiconductor listings in recent years.

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Altera, the Intel-backed chipmaker, is preparing an initial public offering that could raise more than $2 billion as early as 2026, according to people familiar with the matter. The listing would be among the largest semiconductor IPOs in recent years.